Monthly Archives: May 2006
Hedge Fund Demands Sale of Company’s Namesake Property
WEST PALM BEACH, FL (HEDGECO.NET) – California Coastal Communities, Inc. has been told by a hedge fund group holding 11 percent of its stock, to auction off its 105-acre Brightwater Project. The349-unit project lies on 105 acres overlooking the Bolsa […]
Hedge fund sells stakes in 5 firms
Chicago Tribune – Citadel Investment Group LLC, the $12 billion hedge fund firm founded by Ken Griffin, sold all its shares of Merrill Lynch & Co., ConocoPhillips and Oracle Corp. in the first quarter, according to a regulatory filing. The […]
Hedge fund invests in drugs
International Herald Tribune – TPG-Axon Capital Management, a $5.8 billion hedge fund run by Dinakar Singh, is teaming up with a partner to invest in drugs during their final stage of testing. TPG-Axon and Quintiles Transnational will make investments when […]
The Triumphs, and Obsession, of New Hedge Fund Managers
New York Times – SIZE matters in hedge funds. But bigger is not always better. New fund managers tend to knock the cover off the ball during their first two years, accounting for much of the outperformance that has made […]
State PUC has questions for Harbinger hedge fund
OregonLive.com – A hedge fund that recently snapped up more than 7 percent of Portland General Electric’s newly issued stock appears to be on a collision course with Oregon regulators, who are demanding that the investor explain why it has […]
Heard Off the Street: Hedge funds have come a long way
Pittsburgh Post-Gazette – More than 50 years ago, former diplomat and Fortune magazine staffer Alfred Jones decided to limit the risks of stock investing by short selling other stocks. In theory, Mr.Jones’ short sales — selling borrowed stocks at current […]
Heard on the Street: Tuning in institutional holders
Pittsburgh Post-Gazette – Gary Parsons, chairman of XM Satellite Radio Holdings Inc., was gratified in 2004 when blue-chip mutual funds began taking or increasing their stakes in his company. Thebets made by investors like TCW Asset Management, Fidelity Investments and […]
Hedge fund demands sale of California Coastal’s land
Reuters – A hedge fund group holding 11 percent of developer California Coastal Communities Inc. (CALC.O: Quote, Profile, Research) on Thursday told thecompany to sell a key asset and give the money to shareholders. The fund, Mellon HBV Alternative Strategies, […]
The Triumphs, and Obsession, of New Hedge Fund Managers
New York Times – SIZE matters in hedge funds. But bigger is not always better. New fund managers tend to knock the cover off the ball during their first two years, accounting for much of the outperformance that has made […]
On watch for the next LTCM
Marketwatch -It’s nearly eight years since the Long-Term Capital Management hedge fund cratered. At that time, the Federal Reserve engineered an extraordinary bailout on the (highly debatable) theory that the financial markets would otherwise be fatally disrupted. What would happen […]
S&P Marks Six Months of Hedge Fund Gains
WEST PALM BEACH, FL (HEDGECO.NET) – Standard & Poor Hedge Fund Index had its sixth consecutive month of positive performance. Year-to-date, the index in hedge fund returns, as measured by the S&P Hedge Fund Index is up 5.08% having risen […]
Vision Investment plans to seed hedge funds
Vision Investment Management is establishing the Vision Angel Fund, which will provide seed capital for new hedge funds. The job of constructing the new fund has been given to Julius Wang, who has joined Vision as a managing director and […]